9th Circ. Overturns Ex-McAfee CFO's Fraud Conviction

Law360, New York (December 10, 2010, 6:27 PM EST) -- A federal appeals court on Friday threw out the conviction of former McAfee Inc. Chief Financial Officer Prabhat Goyal on securities fraud and other charges, admonishing federal prosecutors at length for overreaching in their bid to secure a conviction.

The U.S. Court of Appeals for the Ninth Circuit ruled that Goyal should be acquitted on all counts because no juror could have found him guilty beyond a reasonable doubt.

In a concurring opinion vindicating Goyal, Chief Judge Alex Kozinski reproached prosecutors from the U.S. District for...
To view the full article, register now.

UK Financial Services

UK Financial Services

Read Our Latest UK Financial Services Coverage

Financial Services Law360 UK provides breaking news and analysis on the financial sector. Coverage includes UK and European Union policy, enforcement, and litigation involving banks, asset management firms, and other financial services organizations.